Future (LON:FUTR) Shares Down 6.1% - What's Next?

Future plc (LON:FUTR - Get Free Report)'s share price dropped 6.1% during trading on Friday . The stock traded as low as GBX 923 ($12.05) and last traded at GBX 923.56 ($12.06). Approximately 712,423 shares changed hands during trading, an increase of 61% from the average daily volume of 441,476 shares. The stock had previously closed at GBX 984 ($12.85).

Analyst Ratings Changes

A number of brokerages recently issued reports on FUTR. Shore Capital reiterated a "buy" rating on shares of Future in a report on Thursday, September 19th. Canaccord Genuity Group cut shares of Future to a "sell" rating and upped their price objective for the stock from GBX 660 ($8.62) to GBX 733 ($9.57) in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 1,464 ($19.12) target price on shares of Future in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 1,059.25 ($13.83).

Future Price Performance

The company has a market cap of £875.54 million, a price-to-earnings ratio of 1,045.39, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a debt-to-equity ratio of 32.94, a quick ratio of 0.60 and a current ratio of 0.78. The company's 50 day moving average price is GBX 1,032.96 and its 200 day moving average price is GBX 968.05.

Future Company Profile

Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.